We are pleased to announce that Cellum Global has successfully applied for the Hungarian Export Promotion Agency’s Export Promotion Grant. Based on HEPA’s decision, the submission titled “Supporting the export of mobile payment solutions developed by Cellum” was accepted by HEPA and, consequently, Cellum Global will receive a one-time non-reimbursable grant as follows:
• amount requested by applicant: HUF 49,999,994
Cellum has launched a number of initiatives in Southeast Asia in recent years; the company now aims to strengthen its position in the region, especially in Indonesia and Singapore. The purpose of the project is to partially provide the resources necessary for mapping out and gaining an in-depth understanding of these markets’ unique needs and characteristics, as well as for preparing Cellum’s products to meet local legal and business requirements. The project aims to enable the company to grow its revenues from and presence in international markets, especially those outside the European Union.
Thank you, HEPA!
The objective of the tender is to prepare the Hungarian and international roll-out of multiple projects by Cellum Global Corp., especially the "Carrier-independent journey planning and electronic payment" product, to prepare the organization and the project recommended by the consultant for participation in the Horizon 2020 tender, and to utilize marketing and consultancy tools in order to facilitate the go-to-market process.
With a budget of HUF 11 860 000, the project was realized with a 75% state subsidy (HUF 8 895 000 total) within the scope of the "Development of a competitive ICT sector" tender under the Operative Program for Economic Development.
The project launched on May 1, 2015, and closed on October 31, 2015.